166.403—Will the BIA ever grant or approve a permit at less than fair annual rental?
(a)
We will grant a permit for grazing on individually-owned Indian land at less than fair annual rental if, after competitive bidding of the permit, we determine that such action would be in the best interests of the individual Indian landowners.
(b)
We may approve a permit for grazing on individually-owned Indian land at less than fair annual rental if:
(c)
We may approve a permit for grazing on tribal land at less than fair annual rental if the tribe sets the rate.